International Economic Integration: Limits and Prospects

By Miroslav N. Jovanović | Go to book overview

1

Introduction

I ISSUES

The importance of international economic integration is well recognized. 1 It has touched most of the countries in the world and it became an unavoidable element in most economic policy decisions. In fact, most of the countries throughout the world have attempted to integrate with other ones. The biggest achievements in integration, however, have been among the developed countries, in particular the European Union (EU), because integration both deepened and widened in that region. Countries in other areas of the world have tried to copy some of the integration achievements that took place in Europe. Policy makers usually had a favourable view of integration. They attempted to use economic integration as a means of securing access to a wider market and reinforce growth in order to attain a higher level of national welfare. The degree of success in integration, however, has varied between regions. In the EU, following the elimination of tariffs and quotas in 1968, a deepening of integration covered areas such as competition, public procurement and services, thus preceding multilateral negotiations and agreements on these issues. Developing countries have altered their past inward-looking integration strategies of 1960s towards improved economic ties with the north in the 1990s. However, because of the changed aspirations, past experiences in integration in the developing world are not very useful guides for future integration policy. None the less, international economic integration has remained an attractive economic strategy in the developing world. This is because integration can serve as a reliable ‘insurance policy’ against sudden changes in the trading behaviour of partner countries. ‘Dividends’ from such a policy include an increase in business predictability which has a potentially positive impact on domestic and foreign investment.

In spite of past experiences with integration, which may have been quite negative in certain groups that integrated the developing countries, new opportunities are still there. They have been prompted by at least four developments since the mid-1980s. First, is the deepening and widening of integration in the EU and North America; second, economic transition in the formerly centrally planned economies in central and eastern Europe and the possibility of some kind of integration with the EU; third, a change in economic policies in the developing countries towards more outward-looking models; and fourth, integration between developed countries (such as the United States and Canada) with a developing one (such as Mexico).

-1-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
International Economic Integration: Limits and Prospects
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Figures ix
  • Tables x
  • Foreword xii
  • Preface xvi
  • Acknowledgements xx
  • 1 - Introduction 1
  • 2 - Customs Union 15
  • 3 - Common Market 120
  • 4 - Economic Union 170
  • 5 - Integration Schemes 316
  • 6 - Measurement of the Effects of International Economic Integration 342
  • 7 - Conclusion 353
  • Gatt: Regional Integration Agreements 361
  • Research Topics for the Future 413
  • Bibliography 417
  • Index 438
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 448

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.